Tax Facts

July 8, 2008

In 2005, the estimated time and money cost of complying with the federal Internal Revenue Code was 6 billion man-hours worth $265 billion.

The code that year stood at 7 million words in 736 code sections, up from 718,000 words in 103 code sections in 1955. By contrast, the King James Bible has 788,280 words in 66 books, the Harry Potter series has just over 1 million words in 7 books, and the English translation of War and Peace has 560,000 words.

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